# Macfarlane acquires Pitreavie Group for up to £18 million

Macfarlane Group acquired Scotland-based protective packaging maker Pitreavie Group for a maximum cash consideration of £18m, including an earn-out of up to £4m over two years, financed from its existing bank facility.

- Type: Acquisition
- Announced: 2025-01-13
- Where: Scotland, United Kingdom
- Value: $22.5M (18.0M GBP)
- Status: completed
- Products: protective packaging, corrugated boxes, temperature-controlled packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Macfarlane](https://endata.com/companies/2071.md) (acquirer)
- [Pitreavie Group](https://endata.com/companies/6056.md) (target)

## Sources

- [insider.co.uk](https://www.insider.co.uk/news/macfarlane-acquires-pitreavie-group-18-34467695), 2025-01-13: "Macfarlane Group has acquired the Pitreavie Group for a maximum cash consideration of £18m, including an earn-out of up to £4m over two years."
- [scottishfinancialnews.com](https://www.scottishfinancialnews.com/articles/macfarlane-seals-ps18m-deal-for-glasgow-protective-packaging-firm-pitreavie), 2025-01-13: "Macfarlane Group has acquired The Pitreavie Group, a fellow Glasgow-based business, in a deal worth £18 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.